Washington: Worldwide public and private debt is at an all-time high, posing a substantial impediment to getting global economic growth back to normal, the International Monetary Fund said Wednesday. The easy money policies of the worldacute;s top central banks has fed the problem, stoking a private-sector credit binge in China and rising public debt in […]

Comments Off on If only Congress held itself to the same standard it expects of businesses

The hounds bay for Stumpf, Tolstedt, and other Wells Fargo officials to pay through the nose for abuses caused by their high-pressure sales culture. Yet where is the penalty for those who enacted just for example the disastrous Affordable Care Act? That fiasco, which has caused at least 7 million Americans to lose their employer-based […]

Even as public sector banks continue to be weighed by weak credit growth and poor asset quality, a few small regional private banks that continue to deliver healthy growth in loans and earnings offer a good opportunity for investors. City Union Bank that has a strong foothold in South India has been able to deliver […]

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its rating of BBB-IS on Senai-Desaru Expressway Bhds (SDEB) RM1.89bil Islamic medium-term notes (restructured Sukuk) programme with a stable outlook. The ratings agency said on Thursday the rating included the improving traffic volume on the expressway and the accommodative payment structure under the programme which provides […]

Comments Off on Balanced Market Fundamentals and Aggressive Global Stimulus Keep U.S. Economy Chugging Along

HOUSTON, June 13, 2016 (GLOBE NEWSWIRE) — The US economy continues to show slow, steady progress despite fears of a global economic downturn and some domestic headwinds, according to the latest edition of “the BRIEFING,” a Transwestern report that covers the global economy and commercial real estate. Declining corporate profits, business investment and net exports […]

Comments Off on European utilities ratings outlook could brighten from 2018-S&amp;P

* Some light at the end of EU utilities tunnel * Most firms on negative outlook, but transformation underway * Pioneers in renewables, grids get better credit ratings By Geert De Clercq PARIS, June 15 European utilities credit rating outlook could brighten from 2018 as companies restructure and regulation softens, but the next two years […]

Approximately $13 billion of rated debt affected New York, June 13, 2016 — Moodys Investors Service (Moodys) assigned a B1 rating to the proposed $2,100 Senior Secured Notes, comprising a mix of Senior Secured Floating Rate notes due 2021 and Senior Secured Notes due 20231 and a Caa2 rating to the proposed $800 million Senior […]

Comments Off on Virtual safe haven? Bitcoin surges to highest in more than two years

LONDON, June 16 The price of bitcoin surged 8 percent to $750 on Thursday, its highest since early 2014, as jittery investors sought shelter in the web-based currency, once considered too volatile to invest in, let alone at times of market stress. Worries that Britain will vote next week to leave the European Union, as […]